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ICOM Part 2 English Medium Principles of Banking Chapter 11 MCQ's Test
Start Chapter 11 TestICOM Part 2 Principles of Banking Chapter Wise Online MCQ's Test
MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test"
Try The MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test"
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Total Questions15
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Time Allowed20
Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test
00:00
Question # 1
Where are the stock certificates sold and bought
Question # 2
Which of the following is used to finance the people who want to travel abroad
Question # 3
Which of the following is useful in facilitating trade relation between the businessmen of different countries
Question # 4
Which of the following parties of a letter of credit is called beneficiary
Question # 5
Which one can be crossed :
Question # 6
Which letter of credit is issued for a single or particular transaction:
Question # 7
What does IOU mean
Question # 8
The important types of banker's letter of credit:
Question # 9
Commercial letter of credit is issued for the facilty of:
Question # 10
Which letter of credit is automatically renewed by fulfilling certain conditions
Question # 11
I Owe You is a written instrument drawn by
Question # 12
Which of the following is an order of payment by one post office for another post office
Question # 13
Stock certificate is a document issued by
Question # 14
Which of the following gets facility due to commercial letter of credit:
Question # 15
The first stage or step between importer and exporter for the purpose of sale and purchase is:
ICOM Part 2 English Medium Principles of Banking Chapter 11 MCQ's Test
Top Scorers Of Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test" MCQ`s Test
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M Mubashira 10 - Jul - 2021 00 Min 09 Sec 15/15 -
S Sidra 12 - Jul - 2021 00 Min 48 Sec 15/15 -
H Hassan Abid 22 - Jun - 2022 01 Min 10 Sec 15/15 -
B bisma 08 - May - 2018 01 Min 16 Sec 15/15 -
M Mudassar zaman 30 - Nov - 2018 01 Min 24 Sec 15/15 -
A ayesha ayaz 25 - May - 2023 01 Min 54 Sec 15/15 -
A ameer 13 - Jul - 2021 10 Min 50 Sec 15/15 -
Z Zeshan 10 - Jul - 2021 01 Min 39 Sec 14/15 -
M Malaika MA 03 - Aug - 2024 01 Min 41 Sec 14/15 -
K KHALIL UR REHAMAN 13 - Aug - 2022 01 Min 52 Sec 14/15 -
S Saif 08 - May - 2018 02 Min 08 Sec 14/15 -
M Mohsina 11 - Jul - 2021 02 Min 44 Sec 14/15 -
A Alisha 01 - Jul - 2021 03 Min 09 Sec 14/15 -
T Teiyr 11 - Nov - 2025 03 Min 15 Sec 14/15 -
A ALI AZAM 09 - Jul - 2021 01 Min 48 Sec 13/15
ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Commercial letter of credit is issued for the facilty of: |
A. Ambassadors
B. Common people
C. Businessmen
D. Alll of the above
|
| 2 | Which letter of credit is automatically renewed by fulfilling certain conditions |
A. Fixed
B. Documentary
C. Confirmed
D. Revolving
|
| 3 | Which of the following gets facility due to commercial letter of credit: |
A. Home traders
B. Exporter
C. Importer
D. Both exporter and importer
|
| 4 | The important types of banker's letter of credit: |
A. Two
B. Three
C. Four
D. None of these
|
| 5 | I Owe You is a written instrument drawn by |
A. Trader
B. Debtor
C. Creditor
D. All the above
|
| 6 | Stock certificate is a document issued by |
A. Commercial bank
B. Central bank
C. Limited companies
D. Stock-market
|
| 7 | Which of the following is useful in facilitating trade relation between the businessmen of different countries |
A. Bank draft
B. Money order
C. Letter of credit
D. Stock certificate
|
| 8 | Which letter of credit is issued for a single or particular transaction: |
A. Fixed
B. Revocable
C. Red clause
D. Green Clause
|
| 9 | Which of the following can be cancelled by the issuing bank without the consent of the other parties |
A. Revocable letter of credit
B. Irrevocable letter of credit
C. Revolving letter of credit
D. Unconditional letter of credit
|
| 10 | What is recieved by the post office on money order: |
A. Profit
B. Interest
C. Commision
D. All of the above
|
Test Questions
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